Which of the Following Is the Largest

question 174

Multiple Choice

Which of the following is the largest?

• A)the future value of $250 with 3% interest for 2 years
• B)the future value of $250 at 2% interest for 3 years
• C)the present value of $250 to be paid in two years when the interest rate is 3%
• D)the present value of $250 to be paid in three years when the interest rate is 2%

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Definitions:

Missing Information Trap

A decision-making pitfall where individuals overlook crucial data, often because they are focusing too narrowly on available information.

Drinking Water

Water that is safe and suitable for human consumption.

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Cognitive Control

The ability of individuals to regulate and manipulate their thoughts, emotions, and actions in pursuit of long-term goals.